About Fairexpay
Fairexpay is a Financial Services company based in Hyderabad (India) founded in 2019 by Saurabh Jain, Raj Kattelu, Kranthi Reddy, Piuesh Daga, and Saravana Bhaskar R, and was acquired by SaveDesk in July 2024. It operates as a cross-border payment solutions are provided for businesses worldwide. Its chief executive is Raj Kattelu. Its Indian entity Fairex Solutions Private Limited reported revenue of ₹1.13 Cr. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and Diversified.
Company details
Fairexpay was established in 2019 in Hyderabad, India, within the fintech sector. Cross-border and domestic payment solutions are delivered to businesses through gateways for international transactions, invoice factoring, and related services. An API is offered for ERP and cross-border integrations, alongside KYC processes, direct debits, and other operational tools. The company focuses on facilitating efficient financial operations across borders from its Indian base.
- Headquarters Hyderabad, India
- Founders Saurabh Jain, Raj Kattelu, Kranthi Reddy, Piuesh Daga, Saravana Bhaskar R
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fairexpay.com
- Social LinkedIn X Facebook
- Acquired by SaveDesk (Jul 2024)
- Legal Name Fairex Solutions Private Limited
- Date of Incorporation 04 Jul, 2019
- Jurisdiction Hyderabad, Telangana, India
Associated legal entities of Fairexpay
Fairexpay operates through Fairex Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fairex Solutions Private Limited CIN U72200TG2019PTC133871 | Active | 04 Jul 2019 | Hyderabad, Telangana | ₹1.1 Cr | – | 4 | View details |
Investors in Fairexpay
Fairexpay has secured backing from 1 investor. Prominent investors backing the company include SaveDesk.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial advisory and banking cost optimization services in India. | 2015 | savedesk.co | Bengaluru, India |
Investor details for Fairexpay
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Board of directors of Fairex Solutions Private Limited (Fairexpay)
Fairex Solutions Private Limited is the primary company behind Fairexpay. The board of Fairex Solutions Private Limited currently have 4 directors; the longest-serving is Vijaya Kranthitilakreddy, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijaya Kranthitilakreddy DIN 07402321 | Director | 20 Jul 2023 | 3 yrs 3 mo | Fairex Solutions Private Limited |
| Rajasekar Bhaska Saravana DIN 07402337 | Director | 20 Jul 2023 | 3 yrs 3 mo | Fairex Solutions Private Limited |
| Saurabh Jain DIN 07402307 | Director | 03 Apr 2024 | 2 yrs 6 mo | Fairex Solutions Private Limited |
| Piuesh Daga DIN 07402328 | Director | 03 Apr 2024 | 2 yrs 6 mo | Fairex Solutions Private Limited |
People of Fairexpay
9 people are tracked at Fairexpay (8 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CBO | Leadership | |
Raj Kattelu | Co-Founder & CEO | Leadership |
Kranthi Reddy | Co-Founder & CCO | Leadership |
| Co-Founder & COO | Leadership | |
Saravana Bhaskar R | Co-Founder & Co-CEO | Leadership |
Ankit Som | Head - Partnerships & Operations | Leadership |
Raj K | Founder and CEO | Leadership |
Mohan Prabu | Chief Technology Officer | Leadership |
Swamy Chintala | Business Development Manager | Team |
Complete people profiles for Fairexpay
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Financials of Fairexpay
Figures of Fairex Solutions Private Limited, the primary company behind Fairexpay, for FY 2025. Revenue was ₹1.13 Cr (+1204% year on year). Net profit was ₹12.4 Lakh (11% margin). EBITDA was ₹16.5 Lakh (15% margin). Revenue has grown at a compounded annual rate of +42% over three years.
- ₹1.13 CrRevenue · FY 2025 · +1204% YoY
- ₹12.4 LakhNet profit · 11% margin
- ₹16.5 LakhEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- +42%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Fairex Solutions Private Limited are on its company page.
Detailed financial statements for Fairexpay
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Timeline of Fairexpay
2 dated milestones of Fairexpay across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fairexpay is founded.
- Exit Acquired by SaveDesk.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Fairexpay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Fairexpay
Complete news archive for Fairexpay
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Frequently Asked Questions about Fairexpay
Fairexpay was founded in 2019.
Fairexpay is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Raj Kattelu is the current CEO of Fairexpay. They have also founded this company.
The primary company behind Fairexpay, Fairex Solutions Private Limited, reported revenue of ₹1.13 Cr for FY 2025, up 1204% year on year.
Fairexpay was established in 2019 in Hyderabad, India, within the fintech sector. Cross-border and domestic payment solutions are delivered to businesses through gateways for international transactions, invoice factoring, and related services. An API is offered for ERP and cross-border integrations, alongside KYC processes, direct debits, and other operational tools. The company focuses on facilitating efficient financial operations across borders from its Indian base.
Fairexpay has 1 investor. Key investors include SaveDesk.
Fairexpay operates through Fairex Solutions Private Limited.
Yes. Fairexpay was acquired by SaveDesk in July 2024.
The legal entities of Fairexpay currently have 4 directors, including Saurabh Jain, Piuesh Daga, Vijaya Kranthitilakreddy and others.